On Apr. 7, OMN MoJ issued royal decree promulgating financial Law.
OMN MoJ issued Royal Decree No. 37/2025 regarding promulgating the financial law.
Document dated Apr. 7, 2025, received from OMN MoJ Apr. 13, summarized Apr. 16.
Key Provisions
OMN MoJ may obtain copies of reports prepared by State Financial and Administrative Audit Institution related to financial and accounting affairs, taxes, in addition to fees.
Minister takes necessary measures to preserve funds owned by OMN and issue rules.
Allowed concerned authorities to impose fees for services after OMN MoJ's approval.
Prohibited tax exemptions except in the cases stipulated by the Law, within its limits.
OMN MoJ prepares draft general budget, present it to Council of Ministers to discuss and refer it to the Council of State for discussion and recommandation in deadlines.
Listed the elements that shall be considered as financial violations as per this Law.
Concerned authorities hold their employees accountable for their financial violations.
Effectiveness
Decree shall be published in the official gazette, and is effective after 60 days, Jun. 6.
